First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sees Large Volume Increase – Time to Buy?

Shares of First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) saw an uptick in trading volume on Thursday . Approximately 18,894 shares traded hands during trading, a decline of 28% from the previous session’s volume of 26,264 shares.The stock last traded at $142.65 and had previously closed at $141.49.

First Trust Mid Cap Core AlphaDEX Fund Stock Down 0.1%

The stock has a market cap of $1.38 billion, a PE ratio of 14.19 and a beta of 1.05. The firm’s fifty day moving average price is $141.06 and its 200 day moving average price is $135.55.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a dividend of $0.266 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.06 dividend on an annualized basis and a yield of 0.7%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. World Equity Group Inc. increased its position in First Trust Mid Cap Core AlphaDEX Fund by 11.9% in the second quarter. World Equity Group Inc. now owns 4,334 shares of the company’s stock worth $634,000 after purchasing an additional 462 shares during the last quarter. Boston Standard Wealth Management LLC bought a new position in First Trust Mid Cap Core AlphaDEX Fund during the second quarter valued at $204,000. NewEdge Advisors LLC grew its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 4.1% in the 1st quarter. NewEdge Advisors LLC now owns 11,156 shares of the company’s stock worth $1,431,000 after buying an additional 440 shares in the last quarter. Western Wealth Management LLC increased its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 2.4% in the 1st quarter. Western Wealth Management LLC now owns 37,693 shares of the company’s stock worth $4,834,000 after buying an additional 873 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 57.0% in the 1st quarter. Bank of America Corp DE now owns 205,567 shares of the company’s stock worth $26,362,000 after buying an additional 74,594 shares during the last quarter.

First Trust Mid Cap Core AlphaDEX Fund Company Profile

The First Trust Mid Cap Core AlphaDEX Fund (FNX) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Mid Cap Core index. The fund tracks a tiered equal-weighted index of US mid-cap equities selected using both growth and value screens. FNX was launched on May 8, 2007 and is managed by First Trust.